Jaclyn C.
Home Equity Loan vs Paying Capital Gains
28 July 2020 | 4 replies
If you've lived in the property for 2 out of the last 5 years, consult a CPA and you should be able to avoid capital gains thanks to the 2/5 rule.I agree with @Brian Ellwood - a HELOC is the move because they typically have very low fees (typically an appraisal fee at most).
Sanjay Sinha
Looking for a CPA in the San Jose area
28 July 2020 | 1 reply
Would love to know a CPA who can help me setup the right entity and also work with me to minimize the taxes on my many deals.I did contact many of the other CPAs mentioned in prior posts but no one has replied.
Joseph Gisler
Depreciation and rental income, how does one effect the other?
27 July 2020 | 2 replies
Speak to your CPA.
Chris Seveney
New Note Investor - tips when learning the ropes
29 July 2020 | 7 replies
While BP, Facebook and other sites you can learn a lot of valuable information- anything related to risk run by your attorney and anything related to finances run by your cpa.
Jason Teague
Cash Boot on a 1031 exchange
29 July 2020 | 7 replies
You'll need a CPA who's conversant with 1031's, as the one I had wasn't.
Andrew Aladjadjian
Selling primary with tax benefits - timeline
28 July 2020 | 6 replies
You can ask your CPA to research if there have been any court cases with your fact pattern to see what can be done.
Jon Hollingsworth
Taxes and a rental I moved back into
29 July 2020 | 7 replies
I moved back into it last year and my CPA says I have to pay taxes on the depreciation I took the years it was a rental.
Bradley Britt
Purchasing Buy and Hold properties with LLC and mortgages
29 July 2020 | 1 reply
As far as the business loan being used, I would talk to CPA and not a website.
Matt Camilliere
Penalty Free COVID Roth IRA Withdrawal? Need Private Money
31 July 2020 | 12 replies
Unless you are a licensed CPA, you should probably not be advising folks on how this process works.You can have an investor for whom you are not a disqualified person simply loan from a self-directed IRA without needing to take a distribution.
Eric Phillips
Avoid capital gains/reinvest?
1 August 2020 | 19 replies
I don't fully understand the law, but worth checking outhttps://www.forbes.com/sites/t....Check with a CPA as well...you may be able to put 50k or so into a self-directed IRA and defer taxes...Invest the money into marketing or find a large expense you can deduct now that you can get use from for years (maybe a business car etc)